Amortization Schedule

Amount of Loan
Annual Interest Rate (in percent)
Length of Loan (in months)

Total Payments
$26,125.77
Total Interest
$125.77
Number of Monthly Payments
3
Monthly Payment
$8,708.59
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$26,000.00$62.83$8,645.76$17,354.24$62.83$8,708.59
2$17,354.24$41.94$8,666.65$8,687.59$104.77$17,417.18
3$8,687.59$21.00$8,687.59$0.00$125.77$26,125.77